Norfolk Southern
1,362 hedge funds and large institutions have $40.2B invested in Norfolk Southern in 2020 Q3 according to their latest regulatory filings, with 159 funds opening new positions, 385 increasing their positions, 535 reducing their positions, and 78 closing their positions.
104% more first-time investments, than exits
New positions opened: 159 | Existing positions closed: 78
56% more call options, than puts
Call options by funds: $455M | Put options by funds: $292M
40% more funds holding in top 10
Funds holding in top 10: 20 → 28 (+8)
22% more capital invested
Capital invested by funds: $33.1B → $40.2B (+$7.15B)
5% more funds holding
Funds holding: 1,293 → 1,362 (+69)
0.23% more ownership
Funds ownership: 73.52% → 73.75% (+0.23%)
28% less repeat investments, than reductions
Existing positions increased: 385 | Existing positions reduced: 535
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$637M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$539M |
| 3 |
Barclays
London,
United Kingdom
|
+$316M |
| 4 |
Morgan Stanley
New York
|
+$151M |
| 5 |
Capital International Investors
Los Angeles,
California
|
+$81.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$554M |
| 2 |
BlackRock
New York
|
-$177M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$155M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$152M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$148M |
NSC Hedge Fund Activity: Q3 2020 in Review
1,362 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Norfolk Southern (NSC) for Q3 2020, worth a combined $40.2B — up 22% from $33.1B a quarter earlier.
Buyers outnumbered sellers: 159 funds opened new NSC positions and 78 closed out — a net gain of 81 holders — while 385 added to existing stakes and 535 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $637M. The largest seller was Lazard Asset Management, cutting an estimated $554M.
- 1,362 institutional investors held Norfolk Southern (NSC) as of Q3 2020, up from 1,293 in Q2 2020.
- Funds reported $40.2B of Norfolk Southern stock for Q3 2020, up 22% quarter-over-quarter.
- 159 funds opened new Norfolk Southern positions in Q3 2020 and 78 closed out, a net change of +81 holders.
- The largest Norfolk Southern buyer in Q3 2020 was T. Rowe Price Associates, an estimated $637M added.
- The largest Norfolk Southern seller in Q3 2020 was Lazard Asset Management, an estimated $554M sold.
Based on aggregated 13F filings for Q3 2020.